What is the value of I? – I?
a. $0
b. $100 billion
c. $175 billion
d. $400 billion
b. $100 billion
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How do payments on a fixed-payment loan differ from a coupon bond?
What will be an ideal response?
A price ceiling set below the market clearing price will tend to cause which of the following?
A) a surplus B) a shortage C) an increase in demand D) a reduction in supply
Suppose the cross-price elasticity of demand between quinces and muskmelons is 5 . Which of the following must be true?
a. Quinces are normal goods. b. Muskmelons are normal goods. c. If the price of quinces rises by $5, the demand for muskmelons will increase by 1. d. If the price of muskmelons rises by $5, the demand for quinces will increase by 1. e. Quinces and muskmelons are substitutes.
Which of the following statements is false?
A) Exports benefit trading countries because exports create jobs. Imports do not benefit trading countries because they result in a loss of jobs. B) Each year the United States exports about 50 percent of its wheat crop and 20 percent of its corn crop. C) Most of the leading exporting countries are large, high-income countries. D) Not all sectors of the U.S. economy are affected equally by international trade.